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Many Irish SME owners describe their working week in similar terms. There is always another issue requiring immediate attention. A staff problem appears unexpectedly. A client deadline changes. Cash flow becomes tighter than anticipated. A supplier issue emerges. Before one problem is resol…
Read MoreDocumentation is one of the least glamorous parts of running a business. It rarely appears on the management agenda, it is almost never the priority when something else is on fire, and it tends to be deferred for years before anyone treats it as urgent. For many Irish SMEs, the documentation that sh…
Read MoreIn many Irish SMEs, internal controls are treated as a concern for larger organisations. Audit committees, segregation of duties, authorisation matrices, and formal review procedures sound like the language of corporate governance, not something that applies to a 12-person service business or a smal…
Read MoreAt [$websiteName] we know for many Irish SMEs, turnover is often treated as the primary measure of success. Increasing sales figures create momentum, confidence and the appearance of growth. Larger revenue numbers can also strengthen reputation and create the impression of a thriving business.
Howev…
For many Irish SMEs, financial reporting is treated as a compliance activity rather than a management tool. The annual accounts are prepared, returns are filed, the bank gets what it asks for, and the rest of the year passes with relatively little reference to financial information beyond the bank b…
Read MoreMany Irish SMEs grow around the personality and capability of their founder. The owner does not just run the business in the early years. They are the business. They drive sales, sign off on decisions, hold key client relationships, train staff, fix problems, and carry most of the operational knowle…
Read MoreTop 5 Operational Habits That Quietly Damage Cash Flow
At J McEvoy we know for many Irish SMEs, cash flow problems are often blamed on external factors such as rising costs, late-paying customers or economic uncertainty. While these pressures are real, operational habits within the business frequent…
For many Irish SMEs, a Revenue audit feels like a remote possibility. Most owners go years without hearing from Revenue beyond the routine filing of returns, and audit preparation rarely becomes a priority until it is needed. In practice, the likelihood of a compliance intervention has been moving s…
Read MoreMany Irish SMEs build strong businesses around a limited number of revenue sources. This may involve one major client, a small group of customers, a single service line or a dominant product that consistently performs well. In the short term, this concentration can appear efficient and comm…
Read MoreAt J McEvoy we know for many Irish SMEs, increasing revenue is viewed as the clearest sign of success. More sales, more customers and a larger pipeline create the impression that the business is progressing well. Yet in many cases, profitability does not increase at the same pace as revenue. Busines…
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